View more on these topics

Senior management duo to depart Cofunds

Cofunds founder member Andy Creak and finance director Andrew Harris are to leave the platform, Money Marketing has learnt.

Creak was a founding member of Cofunds and is currently managing director, business development and recently completed a review of the platform’s business model.

Harris joined Cofunds in 2003 and is currently managing director of finance and controls.

In an internal memo, seen by Money Marketing, the group says it is set to announce a new finance director shortly.

Cofunds chief executive officer Brett Williams says: “Andy Creak has been here since the beginning and has done a tremendous job. He has recently completed work on our business model and after a chat we felt it was time for him to move on. We will not be replacing Andy’s role however I’d expect an announcement on the finance director side coming in the very near future.”

Cofunds has hit the headlines in the past couple of months amid concerns from both advisers and fund group’s that it is set to hike up its charging structure.
Last month saw a number of fund management houses meet to discuss the proposals set out by Cofunds, which take into account current sales and back books of business.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com